First Nations Development Institute (First Nations), in partnership with the National Center for American Indian Enterprise Development (NCAIED) is proud to announce a Native Youth Business Plan Competition to be held in conjunction with the Reservation Economic Summit (RES) 2020. The competition will consist of a high school division and a college division. Brief business plans will be due in January and ten semifinalist teams will be selected to receive additional business mentorship and participate in the finalist competition held at RES 2020.
The competition is intended to simulate the real-world process of entrepreneurs seeking start-up funds. The judges will decide which business venture they would most likely fund. The following will influence the judges’ decisions: the value created by the new product or service, the attractiveness of the market opportunity, the competitive advantage of the proposed venture, the operational and technological viability, the capability of the management team, the clarity and persuasiveness of the plan, and the capital requirements and financial forecast. Ultimately, the winning team should be the team in which the judges would most likely invest their money.
RES is a multifaceted event from NCAIED featuring unparalleled access to respected tribal leaders, members of Congress, federal agency representatives, state and local elected officials and top CEOs, on a national platform. RES is the Summit to attend for those looking for high caliber networking, winning teaming opportunities, business development sessions, one-on-one consulting, all centered around the American Indian Enterprise.
RES 2020 will be held from March 1-5, 2020, in Las Vegas, Nevada. The Native Youth Business Plan Finalist Competition will be held on Tuesday, March 3, 2020. Semifinalists will be required to attend workshops during the day related to business and entrepreneurship and participate in the evening finalist competition.
Ten semifinalist teams (5 high school division teams and 5 college division teams) will be awarded travel scholarships that cover registration, airfare, lodging, meals and ground transportation to attend RES 2020 to pitch their business plans in front of a panel of Native judges and investors.
The top three teams from each division will be awarded small prizes to aid in their business ventures. The first-place teams will receive $7,500, second-place will receive $5,000 and third-place will receive $2,500.
About First Nations Development Institute
For 39 years and through a three-pronged strategy of educating grassroots practitioners, advocating for systemic change, and capitalizing Indian communities, First Nations has been working to restore control and stewardship of tribal assets to Native communities — be they land, human, cultural, economic, or natural resources. First Nations serves American Indian, Alaska Native, and Native Hawaiian communities throughout the United States. For more information, visit www.firstnations.org.
About National Center for American Indian Enterprise Development
The National Center for American Indian Enterprise Development is a 501(c)(3) non-profit organization. With over 40 years of assisting American Indian Tribes and their enterprises with business and economic development – we have evolved into the largest national Indian specific business organization in the nation. Our motto is: “We Mean Business For Indian Country” as we are actively engaged in helping Tribal Nations and Native business people realize their business goals and are dedicated to putting the whole of Indian Country to work to better the lives of American Indian people- both now and for generations to come. For more information, visit www.ncaied.org